GD LAND (00124) announced that for the nine months ended September 30, 2025, the group recorded consolidated revenue of approximately HK$6.728 billion, representing a year-on-year increase of about 66.4%. The revenue growth was primarily driven by higher total floor area sold from properties held for sale.

During the review period, the group reported a net loss attributable to owners of approximately HK$16.165 million, narrowing by 91.5% compared to the same period last year. Key factors affecting the group's performance for the nine months ended September 30, 2025, include:

(a) The properties delivered during the period mainly consisted of the Guangzhou • GD Cloud Harbor City project, Huizhou • GD One Osmanthus project, and Foshan • GD Ten Osmanthus project. Among these, the Guangzhou • GD Cloud Harbor City project achieved higher gross margins, contributing to increased property sales profits compared to the same period in 2024.

(b) Due to the latest real estate market conditions, the group recognized an inventory impairment provision of approximately HK$1.097 billion (no such provision in the nine months ended September 30, 2024) as certain property projects showed signs of impairment.

(c) The group recorded a fair value loss (net of related deferred tax expenses) on investment properties of approximately HK$99.12 million (compared to HK$25.83 million in the nine months ended September 30, 2024).